History of BHP
BHP, formerly known as BHP Billiton, is the trading entity of BHP Billiton Limited and BHP Billiton plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia. Originally founded in 1885 in the rural mining town of Broken Hill, NSW; BHP is now the second largest mining/resources company in the world in terms of revenue.
BHP Billiton was formed in 2001 in a merger between Broken Hill Proprietary (BHP) and Billiton. The two companies merged in June 2001 to become one of the world’s largest diversified resource companies.
With approximately 100,000 employees in over 25 countries, BHP is listed on the Australian Securities Exchange (ASX) as BHP Billiton Ltd, as well as on the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE) as BHP Billiton Plc.
BHP Share Price Return
As we can see on the 10 year chart, BHP seemed to have been stuck in a downtrend from April 2011, with a brief respite from June 2013 until July 2014, before continuing the downtrend towards a low of around $15 in January 2016. Since touching the low in January 2016, BHP has been trending upwards – trading at a high of $32.16 in January 2018. In the last 3 months, BHP has traded between a range of $28.32 and $31.52 – maintaining its place as the 3rd largest company on the ASX 200 by market cap.
For many investors, blue chip stocks such as BHP are attractive because they usually offer stability, profitability and regular dividends. An additional factor with resources stocks which should be taken into account, is the cyclical nature of not only its own share price movement, but the price movements of commodity prices. BHP is one of the world’s largest producers of copper, aluminium, manganese, uranium, iron ore, silver, nickel and titanium minerals. In addition, BHP also owns petroleum and coal assets. As such, BHP’s profitability and ability to provide return to stakeholders is dependent on these commodity prices, the outlook of which should be analysed by shrewd investors looking to invest in BHP and other resources companies like it.
BHP Dividend Return
BHP’s current annual dividend yield is 3.98%. South32 (S32) and Rio Tinto (RIO) – BHP’s peers in the resources sector – currently have comparative annual dividend yields of 3.69% and 4.61% respectively.
Over the last 10 years, BHP has provided shareholders with an average dividend yield of 3% p.a. Understandably, this yield is attractive for risk-averse investors seeking stability and reliability from their shareholding portfolio.
Selling Your BHP Shares
Selling your BHP shares with us is quick, safe and easy – all you need to do is follow the steps below.
The first step is completing an online form on our website, which can be accessed by clicking the “Sell Shares Now” button on the top right of our homepage. This form takes about 5 minutes to complete and is performed completely online – no printing necessary!
After completing the form, you will then receive an email with a link inside which looks like this:
Clicking on this link will take you to another short online form which asks you to:
- Accept the terms and conditions
- Confirm your identity by leaving us a short voice message
- Complete an online ID check – no scanning or uploading required!
Once that’s complete, we will process your submission and proceed to sell your shares for you.
There are instructions each step of the way, and the whole process shouldn’t take you longer than 15 minutes tops! If you need any assistance during the process, don’t worry – our friendly staff are available during weekday business hours to help you over the phone.
When Will You Receive the Money from Selling Your BHP Shares?
All share sales in Australia are settled on a T + 2 basis. This means that we receive the funds from your share sale 2 business days after the sale. We then transfer the funds to your bank account (or post a cheque). This means that you will receive your share sale funds 3 business days after your share sale. For example, if Alice sells her BHP shares on Wednesday, she will receive her funds on Monday the very next week.
How Much Will it Cost to Sell Your BHP Shares?
Our standard brokerage fee for the online sale service is $110 + GST per share parcel (company). If the shares are worth more than $10,000, then the brokerage fee will just be 1% of the total value of the shares. Our brokerage fee is taken out of the share sale proceeds before they are transferred to your bank account, so there are no up-front costs.
Who is Sell My Shares?
Sell My Shares was founded in 2013 by two stockbrokers who noticed that there were very few options available for people who just wanted to sell their shares with minimum fuss besides opening a full service stockbroking account.
We also noticed that most stockbrokers dreaded the phone call from an ‘accidental’ investor who just wanted to make a “one-off share trade”. Historically, this type of business has been shunned by the industry because it is labor intensive and, by its very nature, one-off. Stockbrokers would much rather have clients who actively trade shares – day in, day out.
We decided to love this type of business, and these clients, and that’s what we do – very well.
Whether you have one small share parcel to sell, or if you want to sell down a $5m inherited portfolio, we will make it as simple as possible and treat you with equal respect.
We also specialise in complex matters such as deceased estates, shares held by companies, trusts, SMSFs or combinations thereof, regardless of whether the shares are held on SRN or HIN (or even if you don’t have a clue what that means). You name it, we can sell it – provided it’s ASX listed.
And remember, we are real people – see!
If you have any questions at all, or need assistance while completing our online share sale form, please feel free to call Jason, Steve, Teresa or Ryan – our number is 1300 722 852.